Kevin Bird's filing status is single, and he has earned gross pay of $3,250. Each period he makes a 403(b) contribution of 11% of gross pay and makes a contribution of 1.75% of gross pay to a cafeteria plan. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $198,650. Social Security tax = $

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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2:Kevin Bird's filing status is single, and he has earned gross pay of $3,250. Each period he makes a 403(b) contribution of 11% of gross pay and makes a contribution of 1.75% of gross pay to a cafeteria plan. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $198,650.

Social Security tax = $
Medicare tax = $

3:Daniel Higgs' filing status is married filing jointly, and he has earned gross pay of $3,670. Each period he makes a 401(k) contribution of 12% of gross pay and contributes $200 to a dependent care flexible spending account. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $143,200.

Social Security tax = $
Medicare tax = $

4:Bruce Miller's filing status is married filing separately, and he has earned gross pay of $3,200. Each period he makes a 403(b) contribution of 10% of gross pay and contributes $100 to a cafeteria plan. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $141,700.

Social Security tax = $
Medicare tax = $

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